Gatehouse Bank savings rates — compare every account, plus switch offers and guides

Who they are

Gatehouse Bank is a UK-regulated Islamic bank headquartered in London, founded in 2007 and operating as a subsidiary of Gatehouse Financial Group. The bank conducts all of its business in accordance with Shariah principles - an approach centred on transparent, fair and socially responsible banking that shares risk and reward equitably. In practice, that means no investment in sectors such as alcohol, gambling, tobacco or arms.

Gatehouse Bank is authorised by the Prudential Regulation Authority (PRA) and regulated by both the PRA and the Financial Conduct Authority (FCA).

Savings accounts

Rather than paying interest, Gatehouse carefully invests customer deposits and shares the profits - each product carries an Expected Profit Rate (EPR) in place of a conventional interest rate. The range historically spans fixed-term deposits, notice accounts and cash ISAs, and the bank has regularly appeared on best-buy savings charts across comparison sites including MoneySavingExpert, Moneyfacts and Moneynet.

One distinctive touch: in 2021 Gatehouse launched its Woodland Saver Accounts, and for every account opened or renewed, the bank plants a tree in a certified UK woodland project in partnership with Forest Carbon, at no additional cost to the customer.

Eligible deposits held by a UK establishment of Gatehouse Bank are protected up to a total of £120,000 by the Financial Services Compensation Scheme. Gatehouse holds its own banking licence, so that limit applies independently of any other bank you use.

DepositScout does not currently have live product data for Gatehouse Bank. Check the rates shown on this page for up-to-date figures before you decide.

Is it right for you?

Gatehouse suits savers who want their money working in ethical, Shariah-compliant assets - but it is worth noting that the bank does not offer current accounts, so you would need a separate provider for day-to-day banking. Account management is available online and through a dedicated savings app, with a UK customer service centre if you need to speak to someone.

Gatehouse reported a post-tax profit of £3.8 million in its most recent annual results, marking its fifth consecutive year of profitability - a reasonable indicator of financial stability for a challenger of its size.

As always, rates move. Use the live figures on this page to compare what Gatehouse is offering right now against the wider market before you commit.